Fineotex Chemical Limited has informed the Exchange regarding allotment of 13750000 securities pursuant to Conversion of Warrants at its meeting held on November 21, 2025
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Fineotex Chemical Limited has allotted 13,75,00,000 securities to warrant holders following their conversion into equity shares, as approved at the company's board meeting on November 21, 2025. This means warrant holders exercised their right to convert their warrants into full equity shares of the company. As a result, the company's paid-up equity share capital will increase by the number of shares allotted. This is not a fresh fundraising — the warrant holders had already paid the exercise price at the time the warrants were originally issued.
Shareholders should note a dilution of their holding percentage due to the issuance of new shares, though the company had already received the conversion proceeds earlier, so there is no immediate cash inflow. Short-term price sentiment may be mildly negative due to increased share float.